Early renewal of the long-running partnership comes with a strategic reset centered on Buick, Cadillac, localized EV development and exports

General Motors and SAIC Motor extended their joint venture agreement on Wednesday for another 20 years, one year ahead of schedule.

GM said the deal will focus on domestic sales of Buick and Cadillac models in China and exporting Chevrolet products built in China for non-U.S. markets.